Chevy Chase Trust Holdings LLC Sells 3,807 Shares of Cintas Co. (NASDAQ:CTAS)

Chevy Chase Trust Holdings LLC lowered its position in Cintas Co. (NASDAQ:CTAS) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 180,505 shares of the business services provider’s stock after selling 3,807 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Cintas were worth $32,978,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CTAS. CX Institutional increased its holdings in shares of Cintas by 308.1% in the third quarter. CX Institutional now owns 1,975 shares of the business services provider’s stock worth $407,000 after purchasing an additional 1,491 shares during the period. Creative Planning increased its holdings in shares of Cintas by 356.6% in the third quarter. Creative Planning now owns 88,354 shares of the business services provider’s stock worth $18,190,000 after purchasing an additional 69,003 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Cintas in the third quarter worth $231,000. Good Life Advisors LLC bought a new position in Cintas in the third quarter valued at $1,255,000. Finally, Global Retirement Partners LLC increased its stake in Cintas by 321.9% in the third quarter. Global Retirement Partners LLC now owns 21,889 shares of the business services provider’s stock valued at $4,507,000 after acquiring an additional 16,701 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of research analyst reports. Robert W. Baird reduced their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. UBS Group reduced their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company reduced their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. The Goldman Sachs Group reduced their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Morgan Stanley raised their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Cintas has a consensus rating of “Hold” and an average target price of $198.46.

Cintas Stock Performance

Shares of CTAS opened at $204.22 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a one year low of $152.77 and a one year high of $228.12. The company has a 50-day simple moving average of $197.43 and a two-hundred day simple moving average of $207.44. The firm has a market capitalization of $82.41 billion, a PE ratio of 49.24, a price-to-earnings-growth ratio of 3.95 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the business posted $3.61 earnings per share. Cintas’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.76%. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

Cintas Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.